Looking to balance out your exposure to COLL? The ETFs below have the lowest correlation with COLL — they tend to move on their own, which can help reduce risk when COLL drops. The stock ideas table highlights individual companies that behave independently from COLL.
Best Diversifiers for COLL
2 ETFs have low correlation with COLL (below 0.3), 0 of which are negatively correlated. The least correlated is VanEck Semiconductor ETF (SMH) (Semiconductors) with a 1Y correlation of 0.07, down from 0.20 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| VanEck Semiconductor ETF | 0.07 | 0.13 | 0.20 | 96 | Semiconductors, Technology Equities | COLL vs SMH | |
| State Street SPDR S&P 500 ETF | 0.22 | 0.24 | 0.29 | 74 | S&P 500 | COLL vs SPY | |
| SPDR S&P Biotech ETF | 0.37 | 0.32 | 0.37 | 80 | Health & Biotech Equities | COLL vs XBI |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from COLL, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to COLL and solid risk/return profiles. The least correlated is Petróleo Brasileiro S.A. - Petrobras (PBR) (Energy) with a 1Y correlation of -0.11, down from 0.04 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Petróleo Brasileiro S.A. - Petrobras | -0.11 | 0.01 | 0.04 | 88 | Energy | |
| CrowdStrike Holdings, Inc. | -0.09 | 0.05 | 0.13 | 72 | Technology | |
| Catalyst Pharmaceuticals, Inc. | 0.32 | 0.31 | 0.33 | 60 | Healthcare | |
| Teva Pharmaceutical Industries Limited | 0.34 | 0.28 | 0.31 | 91 | Healthcare |
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